REDISCOVERING JAPAN’SGOLD RESOURCES
Exploring for high grade epithermal gold deposits

TSXV | JG OTCQB | JGLDF
JUNE 2024

FORWARD-LOOKING STATEMENTS
Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the British Columbia Securities Act. These statements relate
to future events or the Company's future performance. All statements, other than statements of historical fact, may be forward-looking statements. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as “anticipates”, “plans”, “budget”, “scheduled”, “continue”, “estimates”, “forecasts”, “expect”, “isexpected”, “project”, “propose”, “potential”, “targeting”, “intends”, “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”,“would”, “might”, or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. These statements involve known and unknown risks, uncertainties and other factorsthat may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes that the expectations reflected inthose forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included inthis presentation should not be unduly relied upon by readers, as actual results may vary. Specifically, this presentation contains forward-looking statements, pertaining to thefollowing: capital expenditure programs, development of resources, treatment under governmental and taxation regimes, expectations regarding the Company's ability to raise
capital, expenditures to be made by the Company on its properties and work plans to be conducted. Concerning forward-looking statements listed above and contained in thepresentation, the Company has made assumptions regarding, among other things: uncertainties relating to receiving mining, exploration and other permits in Japan such as thetiming and granting of prospecting rights; the Company's ability to convert prospecting rights into digging rights within the timeframe prescribed by the Mining Act; the impact ofincreasing competition; unpredictable changes to the market prices for gold, copper, and other minerals; exploration and developments costs for its properties in Japan; theavailability of additional financing and farm-in or joint-venture partners; anticipated results of exploration and development activities; and the Company’s ability to obtain additional
financing on satisfactory terms. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set
forth below and elsewhere in this presentation: volatility in the market price for minerals; uncertainties associated with estimating resources; geological, technical, drilling andprocessing problems; liabilities and risks, including environmental liabilities and risks, inherent in mineral operations; fluctuations in currencies and interest rates; incorrect
assessments of the value of acquisitions; unanticipated results of exploration activities; competition for, amongst other things, capital, undeveloped lands and skilled personnel; lackof availability of additional financing and farm-in or joint venture partners; volatility in the market due to the Covid-19 pandemic; and unpredictable weather conditions. Although theCompany has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factorsthat cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Readers are cautioned thatthe foregoing lists of factors are not exhaustive. The Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise, except in accordance with applicable securities laws.
The technical information in this document has been reviewed by Japan Gold’s Vice President of Exploration, Andrew Rowe, BAppSc, FAusIMM, FSEG, who has sufficient experience
relevant to the style of mineralization under consideration and qualifies as a Qualified Person as defined by National Instrument 43-101.
All photos property of Japan Gold Corp.

2

TSXV | JG OTCQB | JGLDF

EXPLORING FOR
HIGH GRADEGOLD DEPOSITSIN JAPAN

Japan Gold is a Canadian publicly
traded company focused on the exploration
for high-grade gold in Japan. Japan
Gold’s technical capability and extensive
portfolio of properties prospective for highgrade epithermal gold mineralization
positions the Company for value creation.

3

TSXV | JG OTCQB | JGLDFOVERVIEW

4Single country focus
with low geopolitical risk

New exploration
search space

Proven Management withrecord of discoveries

Underexploredsince WWII

Priority targets in areas
near historic gold
mines

Barrick Gold AllianceFirst to secure
prospective tenements

World class deposit
potential

Newmont Corporation
shareholder

TSXV | JG OTCQB | JGLDFUNDEREXPLORED
A rich history of gold mining
749 Initial Gold
Production

1981 Hishikari Gold
Deposit Discovered

Centuries of gold mining
Geology - rich inepithermal deposits

13Moz gold deposit - oneof the highest-grade Tier
1 gold mines in the world

1943
Government
Moratorium

Labour redeployed to
WWII effort - Limited
post-War production

5749-1974

5 largest mines eachproduced over 1Mozof gold with largest
producing over
2.5Moz1985 Hishikari Gold
Mine Commenced
Production

Owned by Sumitomo
Metal Mining, the Hishikari
Mine produced 8.3Moz,
exceeding 30 g/t to date

Post WWII
Underexploredfor Gold

Historic gold mining
areas are underexploredusing modern mining
methods

2012 Mining Act Changes

Allowing foreign companies
to enter Japan and restart
the gold mining industry
Japan Gold first to prospectand secure property rights

Today
5 Mining Districts

Exploration focused on
historic mining areas
Stable, safe jurisdiction
Government support

TSXV | JG OTCQB | JGLDFPROJECT PORTFOLIO IN
5 GOLD MINING DISTRICTS
Located Near Shallow Historic Gold Mines

Hishikari Mine
Produced
8.3MozAvg 30 g/t Au
1985- present

Taio Mine
1.1MozKyushu6

Hokkaido

Sado Mine
1601-1989
2.47Moz

Konomai Mine
1915-1973
2.35Moz Au

HonshuExploring for high grade
epithermal gold mines
TSXV | JG OTCQB | JGLDFJAPAN GOLD’S
EXPLORATION APPROACH

JG Funded Exploration + Partner Funded Exploration
Japan Gold Funded Exploration
•
•
•
•
•

Project Generator
Large land package within the key gold districts
Portfolio of high-quality projects
Accelerating projects to drill stage targets
Seeking partners to advance drill prospects

Partner Funded Exploration••

Barrick Alliance established in 2020
Advancing 4 Priority Projects

Potential for future partnerships and joint ventures to provide
shareholder value and de-risk projects
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TSXV | JG OTCQB | JGLDFJAPAN GOLD’S
EXPLORATION MODEL

Target – High Grade Epithermal
Underground Gold Mines• High-grade, low-cost mines
create significant cash flow
• Target Size: 1Moz Au @ 10g/t
Au with potential upside

8

Approach – Deeper Exploration• Searching for new mineralized
structures within the shadowof the headframe• Drill testing below existinghigh-level alteration andgeochemistry

Redefine Portfolio – Focused
Pipeline• Focus resources on smaller highpotential project pipeline• High priority areas adjacent toknown gold deposits• Hishikari Mine District• Konomai Mine District• Sado Mine District• Taio Mine District
TSXV | JG OTCQB | JGLDF

Japan Gold’s Exploration ModelHigh Grade Epithermal
Gold Deposits
Characteristics
Small but extremely high-grade
1 –100 Mt with grades of 1 – 20
g/t gold common
Vein networks Potential for
multiple high-grade shoots
Exploring for new mineralised
structures within the major
epithermal districts
LOW SULFIDATION EPITHERMAL MODEL
9TSXV | JG OTCQB | JGLDFCOMPELLING ECONOMICSFOR MINE DEVELOPMENT

Toyo Smelter & Refinery in Japan

Japanese epithermal projects provide silica/flux fordomestic smelters, offering compelling economic model
Japanese base metal smelters
import raw materials to Japanfor refinement and smelting
Strong demand - smelters
require new supplies of silicarich gold ores as smelter flux
(flux added to Cu, Ni, Zn)
Low-sulphidation deposits are
suited to supply flux to existing
smelters, i.e. Mitsui, Sumitomo
Metal Mining, Sumitomo
Corporation, Nippon Mining,
Mitsubishi, Dowa, Toho Zinc
28 smelters in Japan
10

Directly shipping silica-rich gold
ore to a smelter reduces a goldmine’s CapEx/OpEx required for aprocessing plant, mill or flotation
Compelling model for lowcost gold mine
Example: Hishikari Mine
• Gold mineralization isconcentrated in quartz andadularia veins• Processing is hand or machinesorted, with ore sent directly to
Toyo Smelter and Refinery,
bypassing onsite processing• Results in lowest quartile all insustaining cost (AISC)TSXV | JG OTCQB | JGLDFPATHWAY TO DISCOVERIESBARRICK ALLIANCE

FOUR PRIORITY PROJECTSPOTENTIAL TO HOST TIER 1
OR TIER 2 ORE BODIES
Initial Evaluation Phase

Second Evaluation Phase

INITITAL PORTFOLIO EVALUATIONSIX PROJECTS SELECTED IN 2022
FOUR PRIORITY PROJECTSADVANCING IN 2024

• Barrick Gold funded an Initial 2 1/2year Evaluation Phase of 29 Projects• Japan Gold, Manager of eachproject• Evaluation goal: identify projects
with potential to host Tier 1 or Tier 2
ore bodies• Tier 1: 5Moz with annual productionof Au 500,000oz for 10 years• Tier 2: 3Moz with annual productionof Au 300,000 oz for 10 years

11• Barrick funded a 3-year Second
Evaluation Phase of 6 Projects andis advancing 4 Priority Projects• Completion of a Bankable
Feasibility Study funded by Barrick
will earn Barrick a 75% interest in a
Project• Barrick has funded US$13M funding
to dateTSXV | JG OTCQB | JGLDF

EXPLORATION PIPELINE
2024/25 Strategy
Advance at least one target into this zone

Advanced
Drill Target

MizobeDrill
Testing

Togi

Project
Generation
12

Tobaru-Fuke
Gumyo

Onoyama

Hokusatsu

HakuryuJapan
Gold
Targets

SaromaJomon

OT

Buho

Ebino

TargetDefinition

Barrick
Alliance
Priority
Targets

North Taio
Bajo

Minamikayabe

Middle Kyushu

SW Hokkaido/
HonshuKitano-Showa
Sanru

Kanehana Tenryu
Fujimi Numanoue Onne
Harutomi Kamitsue
Aibetsu
Kitami Region
TSXV | JG OTCQB | JGLDFHOKKAIDOTENEMENT OVERVIEW
Location

Nearby Historic
Mines

Barrick Alliance
Priority Project

Konamai, Sanru,
Tokusei, Numanoue,
Kitano-õJapan Gold Projects

Work Programs
Identified Targets:North Hokkaido, Kitami
RegionHakuryu

Kitami Metallogenic Province North Hokkaido
13

Sanru, Ikutahara(Saroma-Jomon,
Kitano-Showa, Ryuo),
Numanoue, Kanehana,Onne, Fujimi, Harutomi,
Tenryu, Tenryu Ext.,
Kamimuri, Aitbetsu,
Aibetsu East Ext.

Sanru
Ikutahara• Saroma-Jomon• Kitano-Showa• RyuoTSXV | JG OTCQB | JGLDF

SW HOKKAIDOTENEMENT OVERVIEW
Location
Southwest Hokkaido,
Sapporo-Iwani

Japan Gold Projects
Buho
Nakasosawa
Minamikayabe

Nearby Historic
Mines
Chitose, Tiene,
Shizukari
Todoroki, Koryu

Work Programs
Identified Targets:
Buho

Sapporo-Iwanai Mineral District SW Hokkaido

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TSXV | JG OTCQB | JGLDFHONSHUTENEMENT OVERVIEW
Location

Noto Peninsula

Barrick Alliance
Priority Project
Togi

Japan Gold Projects
Togi Extension

NearbyHistoric Mines

Sado Mine (2.5Moz)
HirochiUrugamiWork Programs
Identified Targets:Togi

Togi Project: Noto Peninsula

15

TSXV | JG OTCQB | JGLDF

MIDDLE KYUSHUTENEMENT OVERVIEW
Location

Middle Kyushu

Japan Gold Projects
North Taio
Bajo
Usa
Kamitsue

Nearby Historic
MinesTaio, Bajo
Usa, Hoshino

Work Programs
Identified Targets:
Taio
Bajo

Middle Kyushu Epithermal Gold Province

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TSXV | JG OTCQB | JGLDF

SOUTHERN KYUSHUTENEMENT OVERVIEW
Location

Southern Kyushu

Barrick Alliance
Priority Projects
Ebino
MizobeJapan Gold Projects

Southern Kyushu Epithermal Gold Province
17

Tobaru, Tobaru-Fuke,
Isa, Gumyo, Kurino,
Onoyama, MizobeOnoyama, Mizobe West,
Onoyama-Yamagano,Ohra-Takamine, OTYaeyama, Kushikino-Iriki,
Yaeyama, Kowa

Nearby Historic Mines
Hishikari, Kushikino, Fuke,
Ohra, Urushi, Takamine,
Yamagano

Work Programs
Identified Targets:Ohra-Takamine

TSXV | JG OTCQB | JGLDFBARRICK ALLIANCE
HOKKAIDO: HAKURYU

Located at the southern end of the Konomai
Epithermal Au – Ag Mine corridor which produced
2.35Moz Au
Priority targets:• Hakuryu No 3 Workings/Kokuryu
 High level vein up to 30m wide. Low level Au rockchips, elevated Sb. Not tested at depth• Fujishima Hill/Sekizen
 Water table silica/chalcedony. Localised higher grade
Au rock chips at Sekizen• SW Yakiyama high level clay – silica –pyrite alteration – elevated As
Next phase of exploration:
Drone magnetic survey, drilling
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TSXV | JG OTCQB | JGLDFBARRICK ALLIANCE
HONSHU: TOGI

Mori Mine
16.5 Koz @ 14 g/t Au
Gap zone

Located on the Noto Peninsula, Honshu
Island, centred on the historic Togi Mine
Priority target:•

Togo Mine
18 Koz Au & 83 Koz Ag

19

Akasaka Target
 4km long structural corridor that
contains the Mori workings in thesouth Vein, Sinter and Siliceous float occurs
along the trend

Next phase of exploration:
Drilling

TSXV | JG OTCQB | JGLDF

OtsukaOkuchi
714 Koz @ 13.6 g/t Au

KZ

BARRICK ALLIANCE
KYUSHU: EBINO

Located immediately to the north of the Hishikari
Gold Mine

MasakiPriority targets:•••
Hishikari

8.49 Moz Au @ >20 g/t Au

20

Otsuka, KZ, Masaki Targets – high level epithermal
alteration zones charaterised by discrete silica
surrounded by clay – pyrite
Au depleted (typical of high-level alteration),
localized anomalous pathfinders
Historic drill holes (MMAJ) at Masaki, target notadequately tested

Next phase of exploration:
Target definition work – mapping, soil sampling andground magnetics underway

TSXV | JG OTCQB | JGLDFBARRICK ALLIANCE
KYUSHU: MIZOBE
Located 23km south of the Hishikari
Gold Mine
Priority target:•

Mizobe Target
 Under cover target, centred on area that
contained historic Antimony mines Drilling completed by Barrick Alliance hasintersect broad zones of Au mineralization
and anomalous pathfinders Potential upper parts of an epithermal
target –vein target at depth

Next phase of exploration:
Additional drilling
21

TSXV | JG OTCQB | JGLDF

Kitano96 Koz Au

JAPAN GOLDHOKKAIDO: IKUTAHARA

Showa
6.7 KozAu
Ikutahara
16.1 Koz Au

Target:Showa

Saroma5.1 Koz Au

ChitoseTarget:Saroma-Taiho

HokushinTaiho
3.8 Koz Au

Target:TaihoJomon

Jom
on

22

Centred on a number of small historic workings within
the Ikuthara district
Priority targets••

Showa - high level Au (ppb) and Hg associated with
Alunite – dickite alteration
Saroma – Jomon Corridor
 Saroma – Chitose target - 1.2km zone of basement
hosted veining up to 8m wide, but only Ag rich at thisstage. Still open at depth and along strike Taiho - Jomon Target – float sampling has returnedhigh Au values. Source of veining yet to be found

Next phase of exploration:
Targets presently under review to determine next steps

TSXV | JG OTCQB | JGLDF

Hokuryu
Mine
64 kOz Au

Omui
Mine

JAPAN GOLDHOKKAIDO: SANRU

Target:North alteration(part under cover)Centred on the Sanru Mine which
produced 225Koz Au
Mosanru Mine

Priority targets

Sanru Mine
225 Koz Au
Target:NE Extension of Sanru/
Parallel veins••

NE Extensions of the Sanru Vein potentially downfaulted to the NE, nottestedNorthern Target area
 high level alteration, anomalous Au andpathfinders within float samples

Next phase of exploration:
Target definition work – additional surface
sampling, mapping

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TSXV | JG OTCQB | JGLDFJAPAN GOLDMIDDLE KYUSHU:
BAJO

Outcropping
granite(Basement)
KifuneHinoji

Bajo Mine420 Koz Au

Target:West Bajo
Veins
OhtakaOhtaka S

E
FujiyamaD

HinodeKunitoku

TsurunariC

Target:SW extensionof Bajo veins

Priority targets••

MizuhoYamauraCentred on the Bajo Mine District which
produced 420Koz Au

SW Extensions of the Bajo Veins
Bajo West Mineralized Zone
 3km x 1km area ofclay altered structures/veining,anomalous pathfinders. No drilling

Next phase of exploration:
Additional target definition work –mapping and surface sampling
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TSXV | JG OTCQB | JGLDFJAPAN GOLDMIDDLE KYUSHU:NORTH TAIO

Located north of the Taio Mine >1Moz Au,
largest mine in Middle Kyushu
Priority targets•

North Taio Target
 Historic alteration (MMAJ) has
defined a zone of high-levelclay alteration
 Weakly elevated Au surface
samples (ppb) +pathfinders
 No drilling

Next phase of exploration:
Target definition work – additional
mapping and surface sampling
25

TSXV | JG OTCQB | JGLDFSHARE STRUCTUREOWNERSHIP

INSTITUTIONS& FUNDS

60%

Shares Issued & Outstanding

PUBLIC
FLOAT

25%

20,210,000

NEWMONT

9%MANAGEMENT& INSIDERS

6%

256,515,479

Options (average weighted
price C$0.30)

1,561,682

Restricted Share Units

278,287,161

Fully Diluted Shares Outstanding

C$23.6M

Fully Diluted Market
Capitalization @ C$0.085

26*as of May 31, 2024

Capital Raising
Activities 2024

Barrick
Non-dilutive Funding

Convertible Debentures@$0.13/Share (Convertible at Japan
Gold’s election)

2020-2024$2,755,000(US$2,000,000)$17,103,352(US$12,999,177)

TSXV | JG OTCQB | JGLDF

CORPORATE MANAGEMENT TEAM
Chairman & CEO

Vince Boon
CA, CPAJohn Proust
Expertise

Corporate executive with 30+ years in the
Canadian capital markets. Chairman &CEO of Southern Arc Minerals; President,
and Director of Lincoln Ventures; Directorof Rise Gold Corp.

Expertise

10+ years of professional accounting
experience with private and publiccompanies. CFO of Southern Arc
Minerals, Lincoln Ventures, Rise GoldCorp.

DISCOVERY TEAM
35+ years global gold and copper
exploration experience; expertise innear-mine, brownfield, and greenfield
exploration. Led Newcrest Mining’s
global exploration.

Discoveries

•
•
•
•
•

27

Golpu Deeps, (Papua New Guinea)
East Ridge (Canada)
Havieron (Australia)
Toguraci Deeps (Indonesia)
Seguela (West Africa)

Expertise

40+ years at Sumitomo Metal Mining
Co. as EVP of Metal Mining America;
Managing Director of Metal
Mining Oceania; General Manager of
Global Exploration and Geology
Manager of Sumitomo’s Hishikari worldclass gold mine in Kyushu, Southern
Japan.

Alexia Helgason
Expertise

Expertise

40 years at Sumitomo Corporation
specializing in mineral resources andinvestment. Managed mining andsubsidiary companies in SouthAmerica. General Manager responsiblefor investing in private equity globally.

28 + years in the capital markets working
for TSXV, CSE and OTC traded companies.
12 years at TSXV, managing therelationships with over 800 mining issuers
and marketing the Exchange. Served as an
IR officer for public companies for 16 years.

Chief Engineer

VP Exploration

Takashi
Kuriyama

Fraser
MacCorquodale

VP ,Corporate
Communications

Yoshio Nojima

GM Exploration

President & COO

Expertise

GM ,Business
Administration

CFO

Dr. Kotaro Ohga,
PhD

Andrew RoweExpertise30+ years of exploration. Positions
with Renison Goldfields, Normandy
Anglo Asia, Phelps Dodge, Aurora
Gold, Ivanhoe Mines, Pan
Australian Resources Ltd (Laos).

Expertise

Holds a PhD in Mining Engineering withextensive permitting and drill program
experience in Japan. Associate
Professor at Hokkaido University in the
Graduate School of Engineering.

TSXV | JG OTCQB | JGLDFBOARD OF DIRECTORS AND TECHNICAL ADVISORS
Independent
Director

Chairman & CEO

John Proust
Expertise

Corporate executive with 30+ years in the
Canadian capital markets. Chairman &CEO of Southern Arc Minerals; President,
and Director of Lincoln Ventures; Directorof Rise Gold Corp.

Ian Burney
Expertise

Accomplished public service executive
and diplomat with 30+ years ofexperience in international affairs, andglobal economic issues. Mr. Burney
was the Ambassador of Canada to
Japan from 2016 to 2021.

Independent
Director

Expertise
Chartered Accountant and Chartered
Financial Analyst with over 25 years ofmanagement and businessdevelopment experience
across multiple industries for Canadian& US companies including CFO of Kepis& Pobe Financial Group Inc. and VP of
Corporate Development for
Adelphia Communications.

28

Distinguished University Professor Emeritusof the University of Ottawa. Professor of
geochemistry and economic geology
for 40 years. Completed her BSc degree inGeology, Master of Science in epithermal
gold deposits in Japan and PhD in mineraldeposits in Japan.

Expertise

Expertise

Chairman of RTG Mining Inc. since 2013
and responsible for the development of
seven major gold mines in fivecountries. Mr. Carrick is a Chartered
Accountant with over 30 years ofexperience in the resources sector.

Director

Takashi
Kuriyama

Dr. Keiko Hattori
Expertise

Tanneke Heersche

Michael Carrick

Independent
Director

MurrayFlanigan

Independent
Director

Independent
Director

Expertise

40+ years at Sumitomo Metal Mining Co.
as EVP of Metal Mining America;
Managing Director of Metal
Mining Oceania; General Manager of
Global Exploration and Geology Manager
of Sumitomo’s Hishikari world class gold
mine in Kyushu, Southern Japan.

Expert and strategic advisor in the natural
resources industry with 25+ years ofinternational industry experience. From2010 to 2023, Ms. Heersche was a senior
partner at Fasken Martineau DuMoulin
LLP, and previously a partner at White &Case LLP.

ADVISORS
Mitsuhiko Yamada
Paul Harbidge
Dr. Steve Garwin
John Carlile
Robert Gallagher

TSXV | JG OTCQB | JGLDF

WHY INVEST IN JAPAN GOLDFirst World Country First Class Assets Management Expertise and Strategic Alliances
Low geopolitical risk
with stable mining
regulatory regime

High priority
targets in areas
near historic gold
mines

29

Focused approacha pathway to
discoveries

Japan’s known
mineralization isunderexploredsince WWII

Strategic Alliancewith Barrick Gold
Corporation

Management teamwith a proven trackrecord ofdiscoveries

Newmont Corp.
Significant
Shareholder

TSXV | JG OTCQB | JGLDF

Corporate Office
Suite 650 - 669 Howe Street
Vancouver, BC V6C 0B4
CanadaPhone: +1 (778) 725-1486
Alexia Helgason, VP
Corporate Communication

Tokyo Office
ARK Hills Executive Tower,
Suite 801
Akasaka 1-14-5, Minato-ku
Tokyo, Japan

Chairman & CEO, John Proust (left), and Director andGeneral Manager of Exploration, Takashi Kuriyama(right), tour historic mine sites in Japan with Professor
Emeritus Izawa, Kyushu University (middle)

Phone: +81 (0)3-6550-8735

Email: ahelgason@japangold.com

FOLLOW US ON: @JAPANGOLD3030
TSXV | JG OTCQB | JGLDF